2x Ether ETF (NYSEARCA:ETHU) Stock Price Up 22.1% – Here’s What Happened

2x Ether ETF (NYSEARCA:ETHU)’s share price traded up 22.1% on Friday . The stock traded as high as $53.60 and last traded at $53.56. 1,886,204 shares were traded during mid-day trading, a decline of 0% from the average session volume of 1,888,558 shares. The stock had previously closed at $43.86.

2x Ether ETF Stock Performance

The stock has a 50-day moving average of $36.40 and a two-hundred day moving average of $105.55.

Hedge Funds Weigh In On 2x Ether ETF

A hedge fund recently bought a new stake in 2x Ether ETF stock. Kingswood Wealth Advisors LLC bought a new position in 2x Ether ETF (NYSEARCA:ETHU) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 138,086 shares of the company’s stock, valued at approximately $253,000. Kingswood Wealth Advisors LLC owned approximately 1.08% of 2x Ether ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

2x Ether ETF Company Profile

The 2x Ether ETF (ETHU) is an exchange-traded fund that mostly invests in long eth, short usd currency. The fund is actively managed, aiming to provide 2x the daily price movements of Ether (ETH). The funds primary investment is cash-settled CME Ether futures ETHU was launched on Jun 4, 2024 and is issued by Volatility Shares.